Banca Transilvania, one of the largest financial institutions in Romania at the moment, has decided to warn its customers in advance that certain services will function partially or will not be available between March 1, from 1.30 – 2 a.m. to March 7.00 a.m., according to iDevice.
Banca Transilvania says that this technical intervention is part of the merger process with OTP Bank Romania, which takes place between February 28 and March 2, and the bank stated that the main goal is to minimize the impact on customers, scheduling the changes during the night.
Banca Transilvania confirmed that, during this stage, BT cards will be able to be used for payments and cash withdrawals, including through the BT Pay application, and ATMs will operate normally for cash withdrawals.
Some digital services will also be affected. BT apps such as BT Go, BT24, NeoBT and BT Visual Help will not be accessible during the intervention, meaning customers will not be able to use self-banking services via BT Visual Help.
Banca Transilvania (BT) is one of the largest and most influential financial institutions in Romania. Established in 1994 in Cluj-Napoca, BT has grown significantly over the years, becoming a key player in the Romanian banking sector.
History and Growth
Banca Transilvania was founded by a group of local entrepreneurs with the aim of supporting the development of small and medium-sized enterprises (SMEs) in Transylvania. Over the years, the bank has expanded its services and customer base, becoming a universal bank that caters to both individual and corporate clients. Today, BT operates a vast network of branches and ATMs across Romania, providing a wide range of financial products and services.
Services and Products
BT offers a comprehensive portfolio of banking services, including personal and business loans, credit cards, savings and investment accounts, insurance, and digital banking solutions. The bank is known for its innovative approach and commitment to digital transformation, offering customers user-friendly online and mobile banking platforms.
Financial Performance
Banca Transilvania has consistently demonstrated strong financial performance, with significant growth in assets, revenues, and profitability. The bank’s robust financial health is reflected in its high credit ratings and solid capital base. BT’s commitment to sustainability and corporate social responsibility has also earned it recognition and awards in the banking industry.
Strategic Initiatives
BT has been actively involved in strategic initiatives aimed at enhancing its market position and expanding its service offerings. The bank has undertaken several mergers and acquisitions, including the acquisition of Volksbank Romania in 2015 and Bancpost in 2018. These strategic moves have strengthened BT’s market presence and diversified its customer base.
Community Engagement
Banca Transilvania is deeply committed to supporting the communities it serves. The bank is involved in numerous social and environmental initiatives, including educational programmes, healthcare projects, and environmental sustainability efforts. BT’s dedication to corporate social responsibility is evident in its continuous efforts to make a positive impact on society.
Read also:
Banca Transilvania customers can log in at branches and agencies with the BT Pay application
